Ponzi's Legacy

Hey, Charlie, wherever you are—and one thing for sure it isn't in heaven—you can rest easy, secure in the knowledge your legacy, if not your corporeal being, lives on.

The Charlie in question is, of course, the infamous Charles Ponzi, who perfected the scheme bearing his name in 1920 or thereabouts, fraudulently took in the equivalent today of upwards of $200 million and wound up, in part due to the efforts of Clarence Barron, founder...